I can help you with stock chart reading

Czar · #**531** 13th June 2006, 11:14 PM

thanks mate, but you can surely short & hold in derivates... so can I hold & what signals to look for to cover... you have imparted mind bogling info on the way up, would greatly appreciate on the way down too... thanks

vvonteru · #**532** 14th June 2006, 01:47 AM

Quote:

Originally Posted by Czar

thanks mate, but you can surely short & hold in derivates... so can I hold & what signals to look for to cover... you have imparted mind bogling info on the way up, would greatly appreciate on the way down too... thanks

I have not touched derivatives so far. They are challenging. I did not want to use them. But, thats the only tool available in India, if you want to short. So, no options but, to use OPTIONS. So, I recently got 2 books to read on them.

Options are different ball game. You need to consider time. I cannot give you suggestions on them, given my recent beginnings. But, here are some pointers that can give you some perspective.

1. Market(s) has been beaten down a lot. Whenever the price deviates away from the EMAs, there will be correction to get them close (to test), specially to the 50 and 200 EMA. Again, the question you might want to know is when? Thats hard to tell.

2. In U.S., summer is bad time. Summer involves less average volume and lower prices. This also increases volatility (good for options). As U know how the indexes all over the world are dancing together.

3. When the markets are oversold, do not sell short into them for long term. Be patient. Sell into the minor rallies.

4. At the same time, whenever the prices get extended below the bollinger bands, use those to cover.

I will get back to you more after I go through the readings.

kenneth · #**533** 14th June 2006, 11:21 PM

Hi VV,

Quote:

Originally Posted by vvonteru

. As I said, U have to be a programmer to program views and scans. I can share mine. But, in future, lets say, U have an idea of scanning, whom do U go to. .

AFl Library has many scans and systems including Elder's Triple Screen trading. I am sure it will be nice if you can share yours.

Thanks
ken

ragsid · #**534** 16th June 2006, 11:26 AM

Hi Vvonteru,

Excellent analysis on the EMA's.

What are the books that you are reading/referring for Derivatives?

In this thread you have given some list of books on Technical Analysis. Can you please list them (the one that is already there in the list or any new ones also) in your order of preference, that you think has helped you learn the advanced methods and is helping you in understanding the charts even now. I recently bought the book by Ashwani Gujral, reading it.

Thanks in advance,

Rags

mainak · #**535** 16th June 2006, 05:04 PM

Has anyone read Introduction to Technical Analysis by martin Pring?????? Greta book for beginners....Now it is available in Indian reprint

vvonteru · #**536** 16th June 2006, 05:23 PM

Quote:

Originally Posted by ragsid

Hi Vvonteru,

Excellent analysis on the EMA's.

What are the books that you are reading/referring for Derivatives?

In this thread you have given some list of books on Technical Analysis. Can you please list them (the one that is already there in the list or any new ones also) in your order of preference, that you think has helped you learn the advanced methods and is helping you in understanding the charts even now. I recently bought the book by Ashwani Gujral, reading it.

Thanks in advance,

Rags

Books:
Search in my thread for online links for these books.

To get basic ideas of stock trading, I would read
1. Come Into My Trading Room: A Complete Guide to Trading - Elder
2. Trade Your way to Financial Freedom - Van Tharp (current reading. Its good)
3. Trading for a Living: Psychology, Trading Tactics, Money Management - Elder's 1st book

Swing Trading/ Patterns for entries
1. Dave Landry's 10 Best Swing Trading Patterns and Strategies
2. Dave Landry on Swing Trading

More to read
1. Reminiscences of a Stock Operator - Edwin Lefèvre (Mother of all)

Derivatives - Just reading some odd books to get a feel and before I buy good ones. Let U know if I come across some. Readers can suggest some.

jdm · #**537** 16th June 2006, 05:55 PM

Quote:

Originally Posted by vvonteru

More to read
1. Reminiscences of a Stock Operator - Edwin Lefèvre (Mother of all)

How To Trade In Stocks - Jesse Livermore

another marvel by the "Boy Plunger"

ragsid · #**538** 16th June 2006, 06:01 PM

Thanks Vvonteru and jdm.

Ashwani has covered Derivatives a bit in his book, its really not in depth for sure. Let me know if you get good books on derivatives.

I have:

1. Come Into My Trading Room: A Complete Guide to Trading - Elder.
2. Trading for a Living - Elder.
3. Trade like Jesse Livermore.

Have been searching for links to download the others, but am not able to find them. If someone has got them recently, could you please send me the links to ragsid@yahoo.com

jdm · #**539** 16th June 2006, 06:27 PM

Quote:

Originally Posted by vvonteru

Derivatives - Just reading some odd books to get a feel and before I buy good ones. Let U know if I come across some. Readers can suggest some.

Hiten Jhaveri of stockwhizo.com (the site no longer exits) has Indianised some F&O books

STOCKWHIZO OPTIONS TRADING STRATEGY GUIDE by Hiten Jhaveri

http://www.rediff.com/money/option.htm

the same is also available in word and pdf versions. just google.

kuldeep49 · #**540** 16th June 2006, 10:21 PM

Quote:

Originally Posted by jdm

Hiten Jhaveri of stockwhizo.com (the site no longer exits) has Indianised some F&O books

STOCKWHIZO OPTIONS TRADING STRATEGY GUIDE by Hiten Jhaveri

http://www.rediff.com/money/option.htm

the same is also available in word and pdf versions. just google.

Folks,
You can download from http://www.indiainfoline.com/nevi/optr.html. There is a link at the bottom of the article to read the full book. This is in .pdf file format.

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